Tag Archives: investment-arm
PMA says Harvester hedge fund up 4.83 pct in Oct
Reuters – Hedge fund manager PMA said on Wednesday its flagship macro vehicle focusing on foreign exchange and interest rate markets returned 4.83 percent in October, even as the global financial crisis ravaged many of its peers. The unit of […]
Blue Mountain freezes fund in face of withdrawals
Reuters – Blue Mountain Capital Management LLC has temporarily halted redemptions at its largest hedge fund after clients asked to withdraw money despite its "distinguished" performance, according to a letter to its investors. New York and London-based Blue Mountain said […]
VW squeeze may hit hedge funds frozen by Lehman
Reuters – Several hedge funds with assets frozen at Lehman Brothers may have been hit by wrong-way bets on Volkswagen, industry executives said, possibly hurting funds on trades they cannot close. While no money has yet been demanded by the […]
China Construction Bank to launch $731 mln health fund
Reuters Shanghai – The investment banking arm of China Construction Bank plans to launch a 5 billion yuan ($731.3 million) fund to focus on investments in the country’s rapidly growing heathcare sector, state media reported on Tuesday. Hong Kong-based CCB […]
Last-hour US market madness seen abating for now
Reuters – In the past month, traders could have shown up on Wall Street at 3 p.m. and not have missed much. The last hour, even the last min utes, of trading seemed to be the only ones that mattered […]
Goldman may be set to post first quarterly loss
Reuters – Goldman Sachs could post its first ever quarterly loss as a public company in December, as market turmoil weighs on revenue for investment banking businesses and forces asset writedowns. One Wall Street analyst, Glenn Schorr at UBS, predicted […]
Halbis Hedge Fund Stocking Up Again
New York (HedgeCo.Net) – Halbis Capital Management of HSBC is upping the exposure in their European Alpha hedge fund thanks to cheap stock prices. Bill Maldonado, head of alternative investments, believes it is finally the right time to buy. "Lots […]
Hedge funds working to limit redemptions
Reuters UK – Dozens of hedge funds have told investors they cannot get their money back right now as managers try to limit a wave of redemptions to safeguard all their clients’ investments — as well as their own futures. […]
Abu Dhabi Investment House eyes China fund
TIANJIN, China (Reuters) – Abu Dhabi Investment House, a Gulf Arab bank, is planning a $1.5 billion (824 million pounds) private equity fund to invest in real estate and manufacturing in China with a local partner, a senior executive said […]
South Korea to introduce new fund sales rules
SEOUL (Reuters) – South Korea will allow mutual savings firms and online-based companies to sell investment funds from next February, and draw up measures to cut sales fees for long-term investors, a regulator said on Sunday. The Financial Services Commission […]
Dillard’s Board Members Reject Hedge Fund Advances
New York (HedgeCo.Net) – Three Dillard’s Inc board members rejected a plea from hedge funds to have the company’s CEO, William Dillard II, booted from the chair. Barington Capital Group LP and Clinton Group Inc. had been calling for the […]
Ratings downgrade hits Hollywood investors
Reuters – A largely unnoticed ratings downgrade on a slate of Paramount Pictures movies backed by hedge-fund money offers rare proof that such innovative packages have proved to be wobbly investments. The Melrose I fund, established in 2004, was cut […]
